- summary:
- Usdjby in a three -day winning series and the height of the US Treasury’s revenue added the rear winds to the currency pair.
Usdjby rose sharply on Wednesday, adding heights of US Treasury bonds to the budget of the currency pair. The pair rose by 1.2 %, which is the largest daily profit since mid -December 2024, as it was circulated at 154.35 at the time of writing this report. In addition, the router was to record the third consecutive gain, which emphasizes strong upward feelings.
The return on US Treasury bonds was 10 years in height, and increased by 11 basis points to 4.653 % at the time of writing this report. Unlike Japanese bonds, it was 1.334 %, which is the highest level in 14 years. However, the extensive differences added between them to pay to the USDJPY pair.
Also, the US dollar received additional support from consumer enlargement data issued on Wednesday. The consumer price index in the country in January (CPI) increased by 3 % on an annual basis, overcoming the expected number by 2.9 %. The monthly rate at 0.5 % exceeded Midian’s expectations 0.3 %.
The basic consumer price index (except for food and energy prices) followed a similar path, increasing to 0.4 % of 0.2 % in December and the prediction rate exceeded 0.3 %. The annual rate was 3.3 %, and likewise, he won the expected number of analysts by 3.1 %. Jerome Powell, Federal Chairman, said on Tuesday that the Federal Reserve is not under pressure to reduce interest rates because the job and economy market seems stable. This prefers USDJPY to maintain a strong position.
Usdjpy prediction
Usdjpy axis at 154.30 The momentum indicates a possible continuation of the upper part. The first obstacle is likely to be 155.00, but buyers can control extended by buyers above this level and test 155.55.
Instead, the sellers will be preferred to control if the procedures are less than 154.30. However, the currency pair can find the first support in 153.95. The rest of this level will nullify the bullish narration and possibly clear path to the test 153.40.
